Should there be a universal financial regulator in the United States?

Abstract

The purpose of this Article is to provide both theoretical and empirical evidence tending to conclude that the existence of a universal financial regulator in the United States is not only feasible, but also necessary in terms of efficiency. For such reason, the arguments that sustain the abovementioned statement rely on an economic analysis of the law, which is also known as the “law in action”. Therefore, economic theory is used to support the economic rationale of the law, together with factual elements that assert the conclusions obtained.